The shares of Copart, Inc. (NASDAQ:CPRT) has been pegged with a rating of Underweight by JP Morgan in its latest research note that was published on September 21st, 2018. The research company has also assigned a $47 price target. JP Morgan wasnâ€™t the only research firm that published a report of Copart, Inc., with other equities research analysts also giving their opinion on the stock. Gabelli & Co advised investors in its research note published on September 20th, 2018, to Buy the CPRT stock. The stock had earned Equal-Weight rating from Stephens when it published its report on May 18th, 2018. The stock was given Buy rating by SunTrust in its report released on March 23rd, 2018. Stephens was of a view that CPRT is Overweight in its latest report on February 12th, 2018. JP Morgan thinks that CPRT is worth Neutral rating. This was contained in the firmâ€™s report on November 24th, 2017 in which the stockâ€™s price target was also moved to $41.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $61.75. The price of the stock the last time has raised by 46.11% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 76.21.
The shares of the company dipped by -0.05% during the trading session on Tuesday, reaching a low of $65.13 while ending the day at $65.18. During the trading session, a total of 2.51 million shares were traded which represents a -91.57% decline from the average session volume which is 1.31M shares. CPRT had ended its last session trading at 65.21. Copart, Inc. currently has a market cap of $14.65B, while its P/E ratio stands at 32.89, while its P/E earnings growth sits at 7.82, with a beta of 0.94. Copart, Inc. debt-to-equity ratio currently stands at 0.34, while its quick ratio hovers at 1.60. CPRT 52-week low price stands at $44.61 while its 52-week high price is $67.08.
The company in its last quarterly report recorded $0.52 earnings per share which is above the $0.51 predicted by most analysts. The Copart, Inc. generated $484.90 million in revenue during the last quarter, which is slightly lower than the $487.96 million predicted by analysts. In the second quarter last year, the firm recorded $0.47 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 9.62%. Copart, Inc. has the potential to record 1.98 EPS for the current fiscal year, according to equities analysts.
Gabelli & Co also rated PRPO as Upgrade on September 20th, 2018, with its price target of $20 suggesting that PRPO could surge by 97.6% from its current share price. Even though the stock has been trading at $0.40/share, analysts expect it to surge higher by 20.88% to reach $20.00/share. It started the day trading at $0.6212 and traded between $0.4329 and $0.48 throughout the trading session.
A look at its technical shows that PRPOâ€™s 50-day SMA is 0.18 while its 200-day SMA stands at 0.28. At the moment, only of Precipio, Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 6.27M shares, which means that the short-interest ratio is just 0.19 days. Over the past seven days, the company moved, with its shift of 50.00%. Looking further, the stock has raised 115.25% over the past 90 days while it gained 45.45% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. PanAgora Asset Management Inc sold more PRPO shares, decreasing its portfolio by -1.83% during the last quarter. This move now sees PanAgora Asset Management Inc selling -3,439 shares in the last quarter, thus it now holds 184,041 shares of PRPO, with a total valuation of $23,005. Virtu Financial BD LLC meanwhile bought more PRPO shares in the recently filed quarter, changing its stake to $15,647 worth of shares.